AIC News and Press, Arlington Asset Investment Corp 6.750% Notes due 2025 From 06/09/23

2023-06-09 03:42:30 ET Summary Ellington Financial and Arlington Asset Investment announced a merger proposal. We discuss the implications for AAIC senior securities: two baby bonds and two preferreds. AIC and AAIC.PC remain compelling high single-digit yield holdings with AIC...

2023-06-04 09:00:00 ET Summary U.S. equity markets rebounded this week as a critical slate of employment data provided evidence of a 'soft' economic landing, showing stronger-than-expected job growth combined with a cooldown in wage pressures. Closing the week at its highs for the...

2023-06-01 09:00:26 ET Summary Rates Up, REITs Down? Whether fundamentally justified or not, commercial and residential real estate markets continue to bear the brunt of the Federal Reserve's historically swift monetary tightening cycle. Commercial real estate, in particular, has ...

2023-05-31 12:52:42 ET Summary Many income investors tend to build their portfolios bottom-up by allocating to whatever attractive opportunities they come across. While this can work to an extent, it creates the risk for unpleasant surprises if there is no broader risk management ...

2023-04-30 23:55:46 ET Summary We take a look at the action in preferreds and baby bonds through the third week of April and highlight some of the key themes we are watching. Preferreds had another decent week as credit spreads continued to tighten. Sector yield remains attractive...

2023-04-17 08:00:00 ET Summary Mortgage REIT AAIC recently put out its Q4 numbers, and we take the opportunity to review them. The company has had an impressive book value track record since the end of 2020 due to its conservative stance and opportunistic SFR investment. With ...

2023-04-06 05:42:42 ET Summary This article compares NLY’s recent dividend per share rates, yield percentages, and several dividend sustainability metrics to 19 mREIT peers. This includes an analysis of NLY’s quarterly estimated REIT taxable income, estimated core ea...

2023-03-18 04:45:54 ET Summary Part 1 of this article compares NLY’s recent investment composition, leverage, hedging coverage ratio, quarterly BV, economic return (loss), and current valuation to 19 mREIT peers. Due to what has occurred during the first quarter of 2023 (fl...

2023-03-17 09:00:00 ET Summary Mortgage REITs have been slammed by the fallout of the ongoing regional banking crisis amid a resurgence of interest rate volatility and credit concerns, erasing their once-robust gains for 2023. Commercial mREITs' exposure to the troubled office sec...

2023-03-12 06:35:19 ET Summary We take a look at the action in preferreds and baby bonds through the first week of March and highlight some of the key themes we are watching. Preferreds have remained resilient even as upside inflation surprises weighted on other fixed-income secto...